News and Analysis of Decisions and Events from the Bank of England (the BoE) Monetary Policy Committee (the MPC)
The Bank of England's basic interest rate should be set as high as 10% given the scale of UK inflation, according to a major insurer.
June 24,2022
Goldman Sachs, Deutsche Bank raise Bank Rate forecasts, but NatWest Markets say they are misreading the Bank of England's guidance.
June 21,2022
Bank of England Chief Economist Huw Pill becomes the second member of the Monetary Policy Committee to mention the value of Pound Sterling when fighting inflation.
June 21,2022
The Bank of England's Catherine Mann says the British Pound is at risk of falling further and pushing UK inflation even higher unless a more activist approach to interest rate management is adopted.
June 20,2022
Fears of a 1970's-style general strike are rising and if the government and employers eventually yield then the public sector could see a major wage impulse over coming months.
June 20,2022
The Bank of England (BoE) raised its interest rate again this week and gave new guidance that appears to leave everything rested on economic data emerging from the UK in the months ahead, energy prices and the response of companies and households to October’s uplift in the ‘energy price cap.’
June 17,2022
UK-based lender Barclays have raised their forecast profile for the Bank of England's key interest rate while warning a 50bp hike in August is now likely.
June 17,2022
GBP is proving to be a slippery customer in the wake of the Bank of England's decision to raise interest rates again, initially falling on the 25 basis point hike announcement and then rising sharply.
June 17,2022
The Pound to Euro rate enters the new week with its back against the ropes and the outlook for it hinged upon how the European Central Bank’s (ECB) handles its besiegement at the hands of hawkish financial markets this Thursday.
June 6,2022
The Bank of England (BoE) could well need to lift interest rates further in the months ahead, a member of the Monetary Policy Committee has said, in order to ensure that a near double-digit inflation rate eventually returns to the coveted target of two percent over the medium-term.
June 2,2022
The Bank of England interest rate outlook is poorly understood within and around the markets, which is one reason why Pound Sterling has been the subject of increasingly bearish analyst commentary this week, although Pound Sterling Live has no such difficulty understanding BoE communications.
June 1,2022
"We think that recent events have demonstrated that the BoE’s overly complex framework – designed during an era of low and stable inflation – is not fit".
May 26,2022
The Deputy Governor of the Bank of England said further interest rate rises are needed as there is a risk the UK jobs market proves more resilient than the Bank's current expectations.
May 12,2022
"To put it politely, the closer we look into the report, the greater our disappointment with the MPC."
May 11,2022
"The relevant question is whether or not the BoE’s headline-grabbing projections are plausible... in our view, the answer is that they probably are not." - Berenberg.
May 10,2022
Michael Saunders has once again reiterated the case for a bold approach to raising interest rates in an effort to stave off surging inflation.
May 9,2022
"Further increases in long-term inflation expectations or a further sharp GBP depreciation could lead to a faster hiking pace in coming months" - Goldman Sachs.
May 6,2022
The Pound to Euro rate slumped and was left testing a notable level of technical support on charts after the Bank of England (BoE) appeared to stoke doubt in the market about widely held assumptions relating to its interest rate.
May 9,2022
The British Pound has come under notable pressure after the Bank of England raised interest rates but warned the economy was due to slow sharply over coming months.
May 9,2022
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